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Italy's Mario Draghi resigns after coalition implodes

Italian Prime Minister Mario Draghi resigned on Thursday after his coalition imploded, setting up the country for a new era of political chaos at a critical time. The latest: Italian President Sergio Mattarella formally dissolved parliament following Draghi's resignation, paving the way for new snap general elections that will take place within 70 days.
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CNBC

Italian PM Mario Draghi quits after failing to revive his coalition government

Speaking to Parliament, Draghi said he was going to speak to President Sergio Mattarella and inform him of his intentions after failing to unite his fragile coalition government. Last week, Mattarella rejected Draghi's first resignation and asked him to lead more negotiations with lawmakers in the hope of avoiding snap...
EUROPE
BBC

Italian PM Mario Draghi resigns after week of turmoil

A year-and-a-half after he was appointed as Italy's unelected head of a unity government, Mario Draghi has resigned as prime minister. He told President Sergio Mattarella he was standing down after three parties in his government refused to back him in a confidence vote the night before. The president asked...
EUROPE
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International Business Times

Mario Draghi: Eurozone Saviour Felled By Italy's Fractious Parties

Mario Draghi, credited with helping save the eurozone as head of the European Central Bank, presided over a remarkable period of unity as Italy's premier before falling foul of its notoriously unstable political system. The star economist was never directly elected but won the backing of almost all political parties...
EUROPE

Italy’s Government Under Mario Draghi Collapses in Chaos

All good things must come to an end, the saying goes. And so it was with the country’s 67th post-war government, led by the Eurocrat Mario Draghi, former head of the European Central Bank. Draghi, who tendered his resignation to the country’s president Thursday morning—for the second time in a week—will now officially step down. Draghi replaced prime minister Giuseppe Conte of the Five-Star Movement, who led the country through the depths of the pandemic, but who lost support of parliament once the worst of the crisis ended in February 2021. Draghi then led a fitful coalition forward as the country worked to fight corruption as it invested European funds doled out to help recover from the pandemic. But it would ultimately be Conte who was instrumental in pulling the plug on his successor’s reign when he pulled support and fractured the once-mighty Five Star Movement. Draghi will now stay on as a caretaker prime minister until snap elections can be held, likely in October.
POLITICS

Mario Draghi, the man credited with saving the eurozone in 2012 at the height of the debt crisis, may now be tapped to help one of its weakest links, Italy.

Mario Draghi, credited with helping save the eurozone as head of the European Central Bank, presided over a remarkable period of unity as Italy's premier before falling foul of its notoriously unstable political system. He was named to head the European Central Bank (ECB) in November 2011 when a near-bankruptcy situation in Italy risked triggering the collapse of the entire eurozone. 
ECONOMY

Mario Draghi: Italian prime minister resigns after coalition collapses

Mario Draghi has resigned as Italy’s prime minster after coalition allies withdrew support for his administration by boycotting a confidence vote.This France 24 broadcast shows the 74-year-old, nicknamed “Super Mario,” being applauded in parliament.After an initial rejection last week, Mr Draghi’s second offer of resignation was taken note of by president Sergio Mattarella, setting Italy on course for a general election.The government had been in power for 17 months.Click here to sign up for our newsletters. Read More Sri Lankan prime minister sworn in as interim president following acceptance of resignationPenny Mordaunt mocks criticism of her work ethic as she returns to the CommonsBoris Johnson’s highs and lows as prime minister
EUROPE